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Slowdown in Withdrawals from FX Protected Deposits

Last week saw a withdrawal of 14 billion lira from FX protected deposit accounts. The total FX protected deposit balance fell below 750 billion lira. The decline in FX protected deposit accounts continues. According to the Banking Regulation and Supervision Agency (BRSA) data, it decreased from 758 billion 446 million lira to 744 billion 292 million lira in the week of April 4. Loans increased from 17 trillion 564 billion lira to 17 trillion 716 billion lira. During the same week, deposits decreased from 21 trillion 123 billion lira to 20 trillion 978 billion lira.

Slowdown in Withdrawals from FX Protected Deposits

Decrease in Central Bank reserves

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